International

iPhone 8 Apple has lost $43 billion of market capitalization

13:15, Sunday, 24 September, 2017

Over the last week the capitalization of Apple fell by a record $ 43 billion, it is the lowest indicator of the market value of the company over the last 17 months, amid mixed reviews about the new products of the company and expectations of weak sales of the iPhone 8, writes the Financial Times.

As the newspaper notes, the shares on the last day of the working week decreased by 1.5 percent. For the last five days the price fell more than 5.2 percent.

This is the substantial reduction in the cost of the company’s shares on the stock exchange from April 2016, the newspaper writes.

Last week, when Apple introduced several of their new models, among them iPhone 8, iPhone X, and Apple Watch, the company’s capitalization increased slightly.

The beginning of sales iPhone X delayed until November 2017, while sales of the iPhone 8 and iPhone 8 Plus, was launched on Friday.

According to Above Avalon analyst Neil Cibart, the iPhone 8 in the first weekend can be minimal in three years.